24Option Overview
Website: www.24option.com
Telephone: +357 25 262789
Regulation: CySEC
Pairs offered: 100+ assets including, EUR/USD, GBP/USD, Bitcoin
Minimum Deposit: $100
Spreads From: 1.5 PIPs
Max Leverage: 400:1
*for professional traders
Markets: Forex, Indices, CryptoCurrencies, Commodities, CFDs
Deposit Options

24Option Broker Review

24Option.com is owned and operated by Rodeler Ltd and Richfield Capital of Cyprus. The company is fully regulated to offer Forex trading services to clients in regulated jurisdictions, with CySEC (Cyprus Securities and Exchange Commission) licence #207/13. As the premier provider of Forex trading services throughout Europe, Scandinavia and Russia, 24Option.com offers a full range of Forex pairs (major, minor and exotic) to traders.
24Option.com restricts its services to FX traders in regulated jurisdictions, and does not offer services to traders in Belgium, Australia, British Columbia Canada, and the US. Among others, 24Option.com offers award-winning services to traders, and has been featured prominently on Investing.com, Forex Magnets, UK Forex, and is a recipient of the EGR Awards, IGB Awards, and was featured at the CIOT Expo. 24Option.com is also the official sponsor of Juventus Football Club.

Overview/ background

24Option.com was designed with the purpose of bringing the market to traders. This innovative Forex broker operates on the cutting edge, courtesy of multiple educational resources such as video on demand seminars, daily analysis, economic indicators, webinars and a full complement of financial articles. 24Option.com is geared towards creating an investor-friendly arena where novices and experts can mingle, trade freely, and generate profits. The presence of dedicated account managers is a welcome addition to the trading platform, making it easier for clients to establish personal connections with their broker and understand all the benefits available to them.

This online Forex broker places emphasis on integrity of operations, professionalism and service excellence. Traders will find a wide range of financial assets available to them, numbering 100+ stocks, commodities, indices and currency pairs. While providing a professional platform is paramount, 24Option also strives for trader control over trading activity. Traders can access the platform 24/7 on a fully downloadable format for PC, desktop and Mac, as well as apps for the Google Play Store and the App Store.

 

 

Account Types

24Option.com offers significant variety when it comes to account types. These begin with a basic account type, a silver account, a gold account, a platinum account, and a diamond account. These are some of the benefits traders can enjoy as they advance through these account types towards diamond status:

For Europe Clients:

  • Basic Accounts – dedicated account managers, webinars and seminars, financial market intro, demo trading account with €10,000 practice trading money, and a daily market pick, 1 basic lesson, Trading Central Mirrorsite Access for 1 week,  Margin Call at 100% , Leverage up to 1:400 (Pro)- Up to 1:30 (Retail) and 1 Free of Charge WD (1 use only). Spreads : Floating: EUR/USD: from 2.7 pips   
  • Gold Accounts require a deposit of €5,000 – all the benefits of  basic account are available, 2 Basic lessons and 1 access to webinars, Trading Central Mirrorsite Access for 3 months and 1 Free of Charge WD per month and Trading Central SMS trading alerts (2p/day). Spreads : Floating: EUR/USD: from 1.8 pips   
  • Platinum Accounts require a deposit of €10,000 – all the benefits of basic and gold accounts are available including 3 Advanced lessons, 2 access to webinars,  Trading Central Mirrorsite Access for 1 year, Trading Central SMS trading alerts : 4p/day and 3 Free of Charge WD per month. Spreads : Floating: EUR/USD: from 1.4 pips
  • VIP Accounts require a deposit of €50,000 – all the benefits of basic, gold and platinum accounts are available including 5 Advanced lessons, 5 access to webinars,  Trading Central Mirrorsite Unlimited Access, Trading Central SMS trading alerts : 7p/day and No WD Fees. Spreads : Floating: EUR/USD: from 0.9 pips

For International Clients:

  • Basic Accounts – dedicated account managers, webinars and seminars, financial market intro, demo trading account with €10,000 practice trading money, and a daily market pick, 1 basic lesson, Trading Central Mirrorsite Access for 1 week,  Margin Call at 100% , Leverage up to 1:400 and 1 Free of Charge WD (1 use only). Spreads : Floating: EUR/USD: from 2.7 pips   
  • Gold Accounts require a deposit of €5,000 – all the benefits of  basic account are available, 2 Basic lessons and 1 access to webinars, Trading Central Mirrorsite Access for 3 months and 1 Free of Charge WD per month and Trading Central SMS trading alerts (2p/day). Spreads : Floating: EUR/USD: from 1.8 pips   
  • Platinum Accounts require a deposit of €10,000 – all the benefits of basic and gold accounts are available including 3 Advanced lessons, 2 access to webinars,  Trading Central Mirrorsite Access for 1 year, Trading Central SMS trading alerts : 4p/day and No WD Fees. Spreads : Floating: EUR/USD: from 1.4 pips
  • VIP Accounts require a deposit of €50,000 – all the benefits of basic, gold and platinum accounts are available including 5 Advanced lessons, 5 access to webinars,  Trading Central Mirrorsite Unlimited Access, Trading Central SMS trading alerts : 7p/day and No WD Fees. Spreads : Floating: EUR/USD: from 0.9 pips

Note that clients have access to demo trading accounts with each of these options.

 

Trading Platform/ software

The trading platform for Forex/CFD trading is MetaTrader 4. The MT4 platform is the world’s favourite Forex trading platform and it allows for full charting/analytical functions for traders across the spectrum. Whether you’re a newbie or a seasoned professional Forex trader, MT4 provides everything you need to get started. It can be downloaded instantly from 24Option.com, and it is fully compatible with Windows, Google Chrome, Mozilla Firefox, Internet Explorer, Safari, iOS and Android devices. The software is ideally suited to currency trading, and has gained international acclaim as the preferred trading platform.

 

Deposit options

Multiple banking options are provided on-site, at the 24Option.com cashier. Once you register, you will find a generous collection selection of banking options available to you. These include: Visa, Visa Electron, MasterCard, Discover, Skrill, Moneybookers, Sofort, Astropay, Qiwi, CashU, Neosurf, Delta, Neteller, WebMoney, wire transfer, paysafecard, Diners Club International, Moneta, giropay, iDEAL, postepay and others. Each of these options is guaranteed safe and secure for Forex traders. Clients will want to confirm the processing times with each deposit and withdrawal option.

 

Markets

24Option.com is primarily a Forex trading platform. The most popular currency pairs include the following:

  • GBP/USD, EUR/USD, USD/JPY, USD/CHF, USD/CAD, AUD/USD, NZD/USD, EUR/GBP, EUR/CHF, EUR/JPY, AUD/CHF, AUD/CAD, AUD/JPY, AUD/NZD, CHF/JPY, CAD/CHF, CAD/JPY.

There are 100+ financial instruments available to traders, including stocks, commodities, and indices. Popular options include Cisco, CITI, Disney, eBay, Facebook, Ferrari, GE, GM, Goldman Sachs, Google, IBM, McDonald’s, Morgan Stanley, Microsoft, Netflix, Nokia, Pfizer, Tesla, UBS, Verizon, Visa, Daimler, Volkswagen, Barclays, Fiat, BNP Paribas, Airbus, L’Oreal, Renault, Schneider, PhD, Heineken, sugar, cotton, cocoa, corn, wheat, coffee, CAC40, soybean, crude oil etc. This wide range of financial assets ensures that traders across the spectrum will find exactly what they are looking for. These financial instruments can be traded in a CFD format with tight spreads and put/call options.

 

Bonuses

At the time of writing, 24Option.com offered promotions to traders in regulated jurisdictions. The promotions require traders to register an account by entering their first name, last name, email and telephone number. Once you have registered an account, you will be able to see what the current bonuses and promotional offers are. If you do not wish to register an account, you can leave your telephone number with the 24Option.com support staff, and an account manager will get back to you with a list of available promotional offers

 

Customer Support

Customer support is highly responsive at 24Option.com. You simply contact the customer support via live chat 24/5. Live chat is powered by Zendesk. Representatives are professional and courteous at all times. There are other contact options including email. You can reach out to customer support representatives via social media channels – G +, LinkedIn, Twitter and Facebook. The blog is also a useful medium for clients to communicate their thoughts or concerns with company management.

 

Safety

24Option.com is fully licensed and regulated by the Cyprus Securities and Exchange Commission. These regulatory agencies provide full recourse to traders in the event of non-payment or disputes. It also offers a demo trading account and does not allow US traders and traders from non-regulated countries to access it services.

 

Ease of Use

It is easy to navigate your way around this trading platform, and access a wide range of services on site. FX trading options include buy or sell orders.  Financial assets are divided up into multiple categories including FX, commodities, indices and stocks.

 

Final Thoughts

A comprehensive all-round trading experience for registered clients. The education center is detailed and geared towards novice traders and experts. The demo trading account is a useful tool while you are learning the ins and outs of FX trading. You can choose from multiple account types including the basic account, silver account, gold account, platinum account and the diamond account. The MT4 trading platform is the best in the world, and it’s available for full download, on Mac, PC, Android or iOS devices.

Pros
  • Demo trading account
  • Basic, silver, gold, platinum, diamond accounts with increasing benefits
  • CySEC  regulation
Cons
  • No USA traders
  • No promotions posted on site
  • Limited to MT4
24Option Overview
Website: www.24option.com
Telephone: +357 25 262789
Regulation: CySEC
Pairs offered: 100+ assets including, EUR/USD, GBP/USD, Bitcoin
Minimum Deposit: $100
Spreads From: 1.5 PIPs
Max Leverage: 400:1
*for professional traders
Markets: Forex, Indices, CryptoCurrencies, Commodities, CFDs
Deposit Options
Pros
  • Demo trading account
  • Basic, silver, gold, platinum, diamond accounts with increasing benefits
  • CySEC  regulation
Cons
  • No USA traders
  • No promotions posted on site
  • Limited to MT4